Cash offers typically come at a discounted rate in exchange for the convenience of a quick closing — which can range between 85% and 95% of market value for a home in fairly good condition. However, you’ll save time and money by avoiding home preparations, repairs, agent commissions, and closing costs.
Whether you’ve experienced a major medical issue or financial hardship, or you need to move in two weeks for a new job, Simple Sale provides the solution.
2. Work with an investor-savvy real estate agent
A well-connected real estate agent who is active in the local investor community can be a valuable asset, even if your goal is to avoid a conventional listing process.
By networking with house flippers and landlords who rely on agents to hear about new deals, they have the inside track to finding cash buyers. They’ll also know if your property aligns with an investor’s buy box, which refers to their parameters around the condition, price point, and location of homes they prefer to buy.
Agents can also scan tax records to find LLCs that signal investor-owned houses. “If the same LLC owns multiple homes nearby, they might likely be a good prospect for the seller’s home,” says Greg Kurzner, CEO of Resideum, an Atlanta house buying company. He adds that agents have access to PropStream and other industry tools for finding investment properties.
Investors are looking for a good deal, so be prepared to accept a lower price if you want a quick cash sale, Colofranson cautions. However, working with a top agent who lists your house on the MLS attracts nationwide investment firms with deeper pockets, as well as buyers who may have searched a long time and can outbid the competition with a cash offer.
If you’ve inherited property that you need to sell quickly or have a home in a popular destination that would be an ideal vacation rental, get in touch with an agent experienced in the investment arena to find real estate cash buyers in your vicinity.
